Think about it, every year there are layoffs. Why? Why use better judgement and true leadership and actually manage the company properly so you do t have to constantly LR people.
Execs should have a tiered comp penalty when they lay people off. Like now would be no bonus for FY26
@aw You can see why Cisco is so slow to innovate with a “strategy” like this and most technology portfolios are dropping out of Gartner’s MQ if on the report at all.
Layoffs are definitely a result of bad managers and bad company management.
Source: I've been around long enough to know.
I’m really sad actually looking back at the years of service I have given this company. Kind of a bad decision in retrospect to stay. Everyone get out while you can.
Cisco has been doing this for years. The layoffs aren’t an accident, they’re a strategy. Rather than develop their own products, they acquire other successful companies, and then, eventually, start layoffs. Rinse and repeat. It’s not mismanagement, it’s the plan
@ah CR is the chair of the board. You think he’s going to hold himself accountable? It’s such a conflict of interest.
I'd say blame investors, but most money going in and out of CSCO is just happening by virtue of index fund trading, from which the company benefits immensely (its poor performance relative to peers drowned out by d-mb index momentum trading).
So that leaves the Board. They are supposed to be a final check on bad management.
And if you don't like how it works, go work for a private company. politics don't matter. CEO doesn't matter. It's every single public company everywhere.
This is correct. Some loony people are angry at capitalism, but the problem is Wall Street, who all hold hostage every single public company. Private companies have the flexibility to absorb temporary higher costs at the risk of less profit, but if that happens to a public company, they get absolutely hammered by analysts and institutional shareholders - especially Cisco which has such a huge short interest.
@OP no, FY26 bonus is not bad, you will see that, even you will receive notice in the week of September 15.
Chuck Robbins, Cisco's Chair and CEO, received a total compensation of $39.20 million, according to Bullfincher. This included a base salary of $1.39 million, stock awards valued at $35.37 million, and other compensation totaling $82.43K. His total compensation was up 23.11% compared to the previous year.
Execs must to maximize the share holders profit not the employees job. If they don't do it, can even get sued. This year get expected profit, still LR. LR is not about bad performance or bad management, it is about getting more profits to share holders. Make murica great again